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My work indicates support at an older target around 122-12 with a downside
objective of 121-10+/-. 124-11 would have to be taken out to create the
possibility of an upward move. Good trading, Ira.
Bob Hunt wrote:
> Below is the automated print-out for March Bonds after trading on
> Friday, 2/19, for preparation in day-trading on Monday, 2/22.
>
> I've got mixed feelings on this one. Although the print-out is telling
> me to favor longs, the Double Stochastics and 7 period %K on 200
> minute bars (half day) are still telling me that we have some downside
> left to the most recent short-term cycle (attached chart).
>
> With the equities coiling as tight as they have been recently, I would
> imagine the next significant direction in bonds is going to be
> determined by the breakout direction in equities. Come Monday, I'll be
> trading with an equities chart close by!
>
> Again, this is an automated print-out created in TS to provide a
> "heads-up" for tomorrow's trading in the bond market (Monday, 2/22).
> Although it should be obvious to most, these should not be construed
> as systematic entries and exits to be taken in mechanical fashion. . .
> but more as "cues" that you may want to consider while day-trading
> this market.
>
> Bob Hunt
>
> -------------------------------------------------------
> 990219
>
> TODAY IS AN NR4 DAY!
> If during the day tomorrow yesterday's high of 123-26 is exceeded then
> either buy the breakout (agr.) or look to buy a retracement to the
> breakout (cons.). If during the day tomorrow yesterday’s low of
> 122-29 is exceeded then either sell the breakout (agr.) or look to
> sell a retracement to the breakout (cons.).
> *** If no other direction is specified by other indicators ***
> ** favor that of the 100 min. 5 Double Stoch 2 period slope.**_FLAT_
>
> Today is a 2 Day ROC BUY day - Look for intraday signals to go long
>
> Today is an NR4 & 2 Day ROC BUY Day. DEFINITELY TRY TO GET LONG!
>
> REMEMBER TO MONITOR FOR ANY HOLY GRAIL SETUPS TODAY! If the 5/15/30/60
> or 120 min ADX>30 then look to trade the bounce against that period's
> 20 EMA with the last intraday swing pivot extreme as the target.
>
> TRADING RANGE MKT:
> If both the 30 and 60 min. ADX < 30 then look to trade S&R
>
> Watch for OOPS! Trade - If O < YL then buy YL on a stop.
>
> USH9 ID
> R3 124 23/32
> R2 124 8/32
> R1 123 25/32
> DP 123 11/32
> S1 122 28/32
> S2 122 14/32
> S3 121 31/32
>
> ------------------------------------------------------------------------
> [Image]
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